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BRVM: the Ivorian treasury issues on the regional stock market two bond issues of more than 134 billion CFA francs

15/11/2019
Source : news.abidjan.net
Categories: Index/Markets

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The General Directorate of the Treasury and Public Accounting proceeded this Thursday, November 14 at the Regional Stock Exchange (BRVM) to the first listing of the Bond Loan in two tranches called TPCI 5.75% 2019-2026 and TPCI 6 .00% 2019-2029.

Issued from February 25 to March 15, 2019 on the regional financial market, this Loan for an indicative amount of 75 billion FCFA, enabled the State of Côte d'Ivoire to mobilize a total amount of 134.01 billion FCFA 102.48 billion for the first installment and 31.53 billion for the second; i.e. an achievement rate of 107%.

The listing ceremony, organized in collaboration with the BRVM and the Management and Intermediation Companies (SGI), marked the admission to the stock market of the securities resulting from this Loan under the symbols TPCI. O33 and TPCI. O34.

Through stock market listing, Trésor Public intends, through the BRVM, to give investors who wish to acquire or sell securities the possibility of doing so under the best conditions with a guarantee of liquidity necessary to cover their needs.

Yoboué Antoine, Technical Advisor, representing the Director General (DG) of the Treasury and Public Accounting expressed his thanks on behalf of the Director General, to market players for their commitment alongside the Public Treasury. Also he indicated “the resources mobilized on the regional and international market is 97.48% of the annual objective of mobilization. With you, we are reassured that the objective will be achieved”

In addition, the Public Treasury is committed to modernizing the management of the State debt through active management materialized by operations of repurchases, early repayments and reprofiling of public securities.

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